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3 years ago

Describe the differences between a wage, a salary, and a commission.

Business

2 answers:

atroni [7]3 years ago

7 0

Answer:

Sample Answer:

A wage is a fixed, hourly rate of pay. A salary is a fixed, annual rate of pay, not dependant on hour worked. A commission is a rate of pay based on sales.

Explanation:

Oksana_A [137]3 years ago

4 0

A wage is paid periodically upon finished work or upon a finished number of work hours. A salary is paid usually monthly regardless of how much you worked, it's like a fixed income. A commission is a type of work where you get all the money at once, once you're done with the work. This is how artists earn from paintings or composing songs or things like that.

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A manufacturer of microwaves has discovered that female shoppers have little value for microwaves and attribute almost no extra

irga5000 [103]

Answer:

For simplicity, assume there is only 1 man and 1 woman and that if the price of a microwave is equal to an individual's willingness to pay, the individual will purchase the microwave.

If the number of male and female buyers is the same, then the best pricing strategy is to offer 2 different microwaves (option 3). One simple and cheap microwave for women and one with auto-defrost for men.

Strategy Revenue Revenue Total Revenue

from men from women from strategy

1. Auto-Defrost $82 $82 $164

Microwave only

at $82

2. Auto-Defrost $148 $0 $148

Microwave only

at $148

3. Simple $131 $66 $197

Microwave at $66,

Auto-Defrost

Microwave at $131

Suppose that, instead of one man and one woman, the market for this microwave consisted entirely of men. For simplicity, you can assume this means that there are two men, and no women. Under these conditions, pricing strategy <u>2. Auto-Defrost Microwave only at $148</u> would maximize revenue for the manufacturer.

7 0

3 years ago

A functional organization is an organization structure in which staff is grouped by areas of specialization, and the project man

Sunny_sXe [5.5K]

Answer:

True.

Explanation:

A functional organisation focuses on grouping staff according to their areas of specialisation, and the project manager is an expert in that field. This is to ensure the project manager can effectively supervise the staff to deliver quality work.

There is less emphasis on the manager's powers of resource control.

However in projectized organisation the project manager has a lot of authority for budgeting, personnel, and decision-making.

4 0

4 years ago

The actual cost of direct labor per hour is $14.75. Two and one half standard direct labor hours are allowed per unit of finishe

Vinil7 [7]

Answer:

Standard Rate per hour = $15.5 per hour

Explanation:

given data

actual cost = $14.75

current period = 3400 units

direct labor hours = 8300

direct labor efficiency variance = $3100

to find out

standard direct labor rate per hour

solution

we use here Direct Efficiency Variance formula that is

Direct Efficiency Variance = ( Standard Hours - Actual Hours ) × Standard Rate per Hour .............................1

put here value

3100 = [ (3400 × 2.5) - 8300 ] × Standard Rate per hour

solve it we get

Standard Rate per hour = $15.5 per hour

3 0

3 years ago

On January 1, 2013, F Corp. issued 2,000 of its 10%, $1,000 bonds for $2,080,000. These bonds were to mature on January 1, 2023,

Varvara68 [4.7K]

Answer:

F Corp.'s gain or loss in 2018 on this early extinguishment of debt was $16,000

Explanation:

According to the given data we can note that the Bond premium at issue is $80,000

Hence, Amortization of premium through July 1, 2016= $80,000/20 = $4,000 per period$

So, 4,000 x 11 periods= $44,000

There is an Unamortized premium July 1, 2018 $36,000 and Face value of $2,000,000

The Book value July 1, 2018= $2,036,000

Therefore, the Call (redemption) price = $2,000,000 x 1.01= $2,020,000

Therefore, gain or loss in 2018= The Book value July 1, 2018- Call (redemption) price

Gain on extinguishment=$2,036,000 - $2,020,000 = $16,000

3 0

3 years ago

The average price of personal computers manufactured by MNM Company is $1,200 with a standard deviation of $220. Furthermore, it

crimeas [40]

Answer:

The required probability is 0.066807

Explanation:

Given,

σ = 220

μ = 1200

The probability that a random selection of computer which will have the price of at least $1,530 is computed as:

P (X ≥ 1530 ) = 1 - P (X ≤ 1530)

= 1 - P ( X - μ / σ)

= 1 - P ( 1530 - 1200 / 220)

= 1 - P ( z ≤ 1.5)

= 1 - 0.933193

= 0.066807

Note: This 0.933193 value is taken from the z table.

8 0

3 years ago